REG - Hellenic Telecomms - Own Share Buyback Program for 2025

Hellenic Telecommunications Organization SAAnnouncement

27/02/2025 12:00

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RNS Number : 7446Y  Hellenic Telecomms Organization S A  27 February 2025

 
       Announcement

 

Athens, February 27, 2025 - The Hellenic Telecommunications Organization S.A.
("OTE S.A." or "Company") announces that:

In line with its Shareholder Remuneration Policy, the Company, under the
approved own share buyback program, will commence the purchase of own shares
on 28/02/2025. The period of execution will run until 21/01/2026 at the
latest, and its size is targeted at approximately €153 million. The precise
amount and number of shares that will be eventually purchased depends on the
share price and liquidity during this period.

Morgan Stanley Europe SE will lead-manage, at its discretion, the Own Share
Buy Back Program during this period.

Own shares will be purchased exclusively for cancellation following a
Shareholders' General Meeting resolution and under the terms of the legal and
regulatory framework in force.

It is noted that the Company currently holds 7,174,751 own shares, acquired in
the context of implementation of 2024 Share Buy Back Program, which it intends
to cancel following the approval of the next Shareholders General Meeting.

 

The announcement is issued in accordance with Regulation (EU) No 596/2014 of
the European Parliament and of the Council of 16 April 2014 and the Commission
Delegated Regulation (EU) 2016/1052 of 8 March 2016.

 

 

 OTE GROUP INVESTOR RELATIONS

 Τel. +30 210-6118190, +30 210-6117364

 E-mail: iroffice@ote.gr (mailto:iroffice@ote.gr) , ziavra@ote.gr ,
 eboua@ote.gr

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